look what california just did. it raised taxes and voted for higher taxes. >> laura: businesses are fleeing california, david. they are leaving california en masse because of the taxes there. >> excuse me silicone valley is one of the strongest economic growth centers in america. hollywood one of the strongest. >> silicone valley and hollywood is not the entire state. silicone valley a lot of countries have moved to nevada and texas, including start up companies that can't start up. bigger companies have much easier time in california but california is in billions of collars of debt because of high taxes and regulations. >> laura, there is more millionaires in california than all the red states combined. this is jmpleghts money doesn't buy you brains. it buys you nice houses in brethrenwood. >> higher revenue. making key investments. >> tell france and portugal and spain that. france is raising the tax rate to 90%. in france businesses are leaving france. >> stop changing, nobody is talking 90%. you always use that